ROAR Newsletter Summaries

Insights and newsletters from across the industry

DEMSA Summary: ‘Intelligibility’ event outputs / FCA survey results / Joint DMP training / Apprenticeship / Collaborations / Events

Summary – Find the full update here (including all the links & more) This weeks bulletin – an update on various initiatives, regulatory changes, and industry developments that occurred in February 2024, spanning topics such as financial conduct authority (FCA) updates, energy price caps, consumer duty, data protection, financial education, and collaborations within the financial sector. Insights from events like the ‘Intelligibility’ event on the 21st, updates on energy price caps, fair value assessments, data protection updates, and the importance… Read more

DEMSA Summary: Countdown to ‘Intelligibility’ event / Insolvency stats / FCA updates / Collaborations / Events / Training

Summary – Find the full update here (including all the links & more) This weeks bulletin provides an overview of the current economic climate, regulatory changes, and innovations in the financial services, credit management, and debt collection sectors. It highlights the UK’s entry into a technical recession, regulatory actions against water companies for poor customer service, the Financial Conduct Authority’s (FCA) focus on the delivery of ongoing financial advice services, significant personal insolvency statistics, and collaborative efforts to improve financial… Read more

DEMSA Summary: Scottish debt solutions / AI / Events / Collaborations / Training

Summary – Find the full update here (including all the links & more) This week the bulletin provides a detailed overview of the current state and challenges in the UK’s financial services sector, focusing on mortgage arrears, council tax collection, credit union arrears, financial crime, and various collaborations and events aimed at addressing these issues. Key Points Mortgage arrears increased by 7% for homeowners and 18% for buy-to-let mortgages in Q4 2023.UK Finance emphasizes support for those struggling with mortgage… Read more

DEMSA Summary: Scottish debt solutions / AI / Events / Collaborations / Training

Summary – Find the full update here (including all the links & more) An overview of the latest financial updates, the bulletin touches upon pivotal developments within the UK’s financial landscape, including the Bank of England’s interest rate decision, statutory debt solution statistics in Scotland, and the state of personal insolvency. This week the update explores the effects of the cost-of-living crisis on consumer behavior, regulatory updates, and collaborative initiatives aimed at improving financial and consumer services. Noteworthy, too, are… Read more

DEMSA Summary: Intelligibility event / FCA activity / Personal insolvency / Innovation / Collaborations / Events / Training

Summary – Find the full update here (including all the links & more) Summary In the dynamic landscape of financial services, recent developments underscore the growing emphasis on regulatory compliance, technological adaptation, and consumer-centric approaches. The industry is witnessing heightened regulatory oversight from bodies like the FCA, alongside a surge in technological integration, particularly with AI and Open Banking. Moreover, there’s an increasing focus on effective debt management and recovery strategies, with an aim to enhance consumer engagement and support.… Read more

DEMSA Summary: Personal Insolvency / IVA early failures / FCA updates / Consumer Duty / Collaborations / Training / Events

Summary – Find the full update here (including all the links & more) Summary The latest bulletin from DEMSA reflects significant developments and trends within the debt solution marketplace, highlighting the organization’s growing influence and the evolving landscape of debt management, particularly in response to regulatory changes and consumer protection standards. The bulletin underscores the importance of adapting to new regulatory expectations, the impact of research on policy development, collaborative initiatives for better consumer support, training for professional development, and… Read more